Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Pakistani Rupee/South African Rand (FOREX:PKRZAR)
Countertrend Down (-85) - PKRZAR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid PKRZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for PKRZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PKRZAR
The long-term trend has been DOWN since May 25th, 2021 at 0.09034042
The intermediate-term trend has been DOWN since Oct 15th, 2021 at 0.08608761
The short-term trend has been UP since Oct 22nd, 2021 at 0.08532527
Smart Scan Analysis for PKRZAR
Based on our trend formula, PKRZAR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).